Shiba

Ethereum

Resistance

Shiba Inu

Trillion

<ul class="list-ic vertical">
 <li><span>1</span> <a>Shiba Inu price prediction showcases the roadmap for SHIB to reach the $1 mark.</a></li>
 <li><span>2</span> <a>Shiba Inu coin price trades below 20, 50, 100 and 200-days daily moving averages.</a></li>
 <li><span>3</span> <a>SHIB army has been waiting for SHIB crypto’s recovery towards the $1 Mark.</a></li>
</ul>
<p>Over the past year, Shiba Inu price has seen a remarkable surge to become a widely recognized cryptocurrency. It’s built on the Ethereum network and features the Shiba Inu dog logo, quickly gaining popularity as one of the most widely held and traded cryptocurrencies globally.</p>
<p>A substantial transfer of 4.5 Trillion SHIB tokens, valued at $32 Million, recently occurred between anonymous wallets. This indicates either large investors are accumulating more tokens or preparing for potential sales.&nbsp;</p>
<p>For Shiba Inu price to reach a price of $1, its market cap would need to increase by an extraordinary 14 Million percent, which necessitates significant adoption and positive market sentiment. Shiba Inu’s appeal lies in its community-driven approach and profit potential, with the notable large transfer underscoring the substantial value involved.</p>
<p>Several factors, including broader adoption, positive market sentiment, community engagement, token burn strategies, and regulatory clarity, might contribute to Shiba Inu’s price reaching $1. However, this remains an ambitious and speculative goal.&nbsp;</p>
<p>While it may not be achievable in the short term, the volatile nature of the crypto market means the $1 target cannot be completely discounted in the long run. Investors should monitor market trends closely and exercise caution in this unpredictable market.</p>
<p>Shiba Inu price was at $0.00000696 and gained around 1.61% of its market capitalization intraday. Trading volume gained around 27.92% intraday. This demonstrates that buyers are present in the trade to push Shiba Inu coin price upwards. Volume to market cap ratio was at 2.56%.</p>
<h2 class="wp-block-heading" id="strong-shiba-inu-price-prediction-technical-indications-strong"><strong>Shiba Inu Price Prediction: Technical Indications!&nbsp;</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/yX3UXZxFVcHswKQ9kQEzrctWtItur_bmso7TsgSjaxJS1XLGXx7O8S3EwdnClE0v7MynskBMa3CD7zLn89qE32pXlJ-6K4TZ3fRpm0wQCow2L9E_hkfr29tkgeE41W4cgyysLWBpv4JJh_Epjlq9rH0" alt="Shiba Inu Price Prediction: Will SHIB Reach $1 Mark Ever?">
  <figcaption class="wp-element-caption">
   Source: SHIB/USD by <a href="https://www.tradingview.com/x/SSEc2uHw/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>Shiba Inu price prediction highlights the recovery of Shiba Inu coin price towards the consolidation phase over the daily time frame chart. SHIB crypto slipped from the consolidation phase on October 9th and tried to get back inside the range but failed to sustain at the lower price range of the horizontal range-bound area. At present, Shiba Inu coin price is surging towards the lower price range of the consolidation phase to enter the range.</p>
<p>Meanwhile, <a href="https://www.thecoinrepublic.com/2023/10/06/shiba-inu-price-prediction-will-shib-escape-the-price-range/" rel="noopener noreferrer nofollow">Shiba Inu price</a> is below 20, 50, 100 and 200-days daily moving averages. Shiba Inu coin price gained around 2.36% in a week and it declined by 6.21% in a month. Moreover, SHIB crypto slipped by 11.35% in the last three months; and 33.49% in the last six months. In addition, Shiba Inu cryptocurrency slumped around 13.77% year to date.</p>
<p>Technical indicators highlight the uptrend on the SHIB crypto chart. Relative strength index (RSI) showcases the upward momentum of Shiba Inu coin price. RSI was at 44 and is heading towards neutrality. Investors in Shiba Inu cryptocurrency need to wait until SHIB crypto price reaches the upper threshold of the consolidation phase.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong>&nbsp;&nbsp;&nbsp;</h3>
<p>Over the past year, Shiba Inu price chart shows a sharp surge to become a widely recognized cryptocurrency. For Shiba Inu price to reach a price of $1, its market cap would need to increase by nearly 14 million percent, which necessitates significant adoption and positive market sentiment. Also, Shiba Inu cryptocurrency slumped around 13.77% year to date. Technical indicators highlight the upsidetrend on the SHIB crypto chart.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $0.00000677 and $0.00000662</p>
<p>Resistance Levels: $0.00000708 and $0.00000730</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;&nbsp;&nbsp;&nbsp;</p>

Shiba Inu Price Prediction: Will SHIB Reach $1 Mark Ever?

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Thecoinrepublic.com

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